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Bankruptcy and Insolvency Act

Version of section 20 from 2002-12-31 to 2004-12-14:

Marginal note:Divesting property by trustee

  •  (1) The trustee may, with the permission of the inspectors, divest all or any part of the trustee’s right, title or interest in any real property of the bankrupt by a notice of quit claim or disclaimer by the trustee, and the official in charge of the land titles or registry office, as the case may be, where title to the real property is registered shall accept and register in the land register the notice when tendered for registration.

  • Marginal note:Registration of notice

    (2) Registration of a notice under subsection (1) operates as a discharge or release of any documents previously registered in the land register by or on behalf of the trustee with respect to the property referred to in the notice.

  • R.S., 1985, c. B-3, s. 20
  • 1997, c. 12, s. 18

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